Business | General

Dubai retailer offers interest-free payment option

Facility is in line with Islamic economy initiative

  • Staff Report
  • Published: 18:49 September 15, 2013
  • Gulf News

Dubai: Suntron Electronics has introduced an interest-free payment option at its newly opened retail outlet in Dubai, according to a statement on Sunday.

The facility is in line with the Islamic economy initiative of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.

Consumers can pay in instalments within 18 months from their purchase.

“The growth and expansion of Suntron Electronics underlines the focus of Dubai SME and the success of Dubai SME100 in recognising and promoting SME excellence,” said Abdul Basit Al Janahi, CEO of Dubai SME.

Suntron, which offers home appliances and consumer electronics, is a Dubai SME100 firm.

Comments (1)

  1. Added 11:19 September 16, 2013

    This is wonderful news indeed, will help a lot. I can now take the savings from what would have been my interest payment and use it to buy more items on credit. Thank you.

    Louie Tedesco, Dubai, United Arab Emirates

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